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A companys inventory records report the following: August 1 Beginning balance 19 units @ $9 August 5 Purchase 14 units @ $8 August 12 Purchase
A companys inventory records report the following:
| August 1 | Beginning balance | 19 units @ $9 |
| August 5 | Purchase | 14 units @ $8 |
| August 12 | Purchase | 18 units @ $9 |
On August 15, it sold 38 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
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Accounting And Auditing Practices In Africa
Authors: Mariaan Roos, Lesley Stainbank
1st Edition
1928357431, 978-1928357438
